China's MiniMax LLM costs about 200x less to train than OpenAI's GPT-4, says company
Briefly

The recent release of MiniMax's M1 model has generated significant buzz in the AI community due to its low training cost of approximately $534,700. This figure positions M1 as a cost-effective alternative to established models from OpenAI, Anthropic, and others that reportedly cost over $100 million to train. If validated, these claims may disrupt the market dynamics and raise concerns among investors who have heavily invested in traditional AI companies, especially given the unprofitability of current market leaders.
MiniMax's M1 model promises to be highly competitive with top AI models while costing a fraction of their training costs.
If MiniMax's claims about the low cost of its M1 model hold true, it could significantly shift investor confidence in leading AI companies.
Read at Fortune
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